World Liberty Financial plans to buy more TRX
WLFI nears $1.1B in token sale as crypto reserves reach $352M.
World Liberty Financial (WLFI) purchased $9.8 million in wrapped bitcoin (WBTC) on Thursday and plans to acquire an additional $2.65 million of Tron’s TRX this week.
The DeFi project has raised $1.1 billion from its ongoing WLFI token sale, with less than 10% of the allocation remaining, reports CoinDesk.
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Key Takeaways
- Crypto Acquisitions: WLFI purchased $9.8 million WBTC and plans to buy $2.65 million TRX, boosting its crypto reserves to $352 million.
- WLFI Token Sale: With 2.4 billion WLFI tokens still available, the project has raised $1.1 billion since its launch in September.
- Pro-Crypto Momentum: The purchases align with optimism from the Trump administration’s anticipated pro-crypto regulatory changes.
- Major Holdings: WLFI holds $181 million in ETH, $56 million in WBTC, and $32 million in staked ether (STETH), according to Arkham data.
Crypto buying spree as WLFI token sale nears completion
World Liberty Financial has ramped up its crypto purchases as the WLFI token sale enters its final stage. On Thursday, the DeFi project acquired $9.8 million in WBTC, bringing its total holdings in the token to $56 million. It plans to add $2.65 million of TRX to its portfolio this week, increasing its TRX holdings to $10 million.
The WLFI token sale, launched in September, has raised $1.1 billion, with only 2.4 billion tokens remaining out of the 25 billion supply.
TRX price dynamics. Source: coinmarketcap.com
Pro-crypto sentiment drives activity
WLFI’s increased activity reflects optimism surrounding the Trump administration’s crypto-friendly stance, which follows the departure of former SEC Chief Gary Gensler. Justin Sun, the founder of Tron and a supporter of WLFI, highlighted the importance of pro-crypto policies in driving financial innovation and inclusion.
Sun himself purchased $30 million worth of WLFI tokens in November, reinforcing confidence in the project’s long-term potential.
Recently we wrote, that the crypto community has shown significant support for President Donald Trump, making it unsurprising that many crypto investors are part of his administration.
